Guideline Value for KUMARAGURU BARA STREET (BHARATHI NAGAR)

Kumaraguru Bara Street (Bharathi Nagar) guideline value

The current guideline value of Kumaraguru Bara Street (Bharathi Nagar) is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO with a land classification of Residential Class IV Type - I.

How the guideline value of Kumaraguru Bara Street (Bharathi Nagar) has changed

The guideline value for Kumaraguru Bara Street has seen several revisions over the years. In 2012, the value was Rs 6,500 per sq.ft, which decreased to Rs 4,355 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, placing Kumaraguru Bara Street's 2024 figure below this median.

• Kumaraguru Colony: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 1st Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 2nd Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 3rd Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 4th Street: Rs 7,150 per sq.ft (2024)
• Kumanan Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaraguru Bara Street (Bharathi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total costs together to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaraguru Bara Street (Bharathi Nagar)?

The Sub Registrar Office that covers Kumaraguru Bara Street (Bharathi Nagar) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value is a critical factor in property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. The registration office uses this value to ensure that properties are not sold below the established rates.

Frequently asked questions

What is the current guideline value of Kumaraguru Bara Street?

The current guideline value of Kumaraguru Bara Street (Bharathi Nagar) is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

What is the land classification for Kumaraguru Bara Street?

Kumaraguru Bara Street (Bharathi Nagar) is classified as Residential Class IV Type - I.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which is higher than the current guideline value of Kumaraguru Bara Street.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kumaraguru Bara Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.